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Business Segments (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Business Segment Net Sales and (Loss) Income from Continuing Operations before Income Taxes Presented below are the net sales and (loss) income from continuing operations before income taxes for the Corporation’s two business segments. For the three months ended March 31, 2019, the operating loss of the Forged and Cast Engineered Products segment includes an impairment charge of $10,082 associated with the anticipated sale of certain assets of Akers National Roll Company. For the three months ended March 31, 2018, other expense, including corporate costs, includes the impact of a favorable contractual settlement with a third party of approximately $2,425.

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Net sales:

 

 

 

 

 

 

 

 

Forged and Cast Engineered Products

 

$

85,290

 

 

$

85,246

 

Air and Liquid Processing

 

 

22,204

 

 

 

21,169

 

Total Reportable Segments

 

$

107,494

 

 

$

106,415

 

(Loss) income from continuing operations before income taxes:

 

 

 

 

 

 

 

 

Forged and Cast Engineered Products

 

$

(10,033

)

 

$

202

 

Air and Liquid Processing

 

 

2,143

 

 

 

2,259

 

Total Reportable Segments

 

 

(7,890

)

 

 

2,461

 

Other expense, including corporate costs

 

 

(4,018

)

 

 

(1,466

)

Total

 

$

(11,908

)

 

$

995